RE: US Stocks - Watchlist and Discussion (Premium)
(2015-05-19, 09:25 PM)shaunattwood Wrote: I bought 500 CY at 12.7 because the 150 day is motoring straight up and the volume has been exceptionally heavy since the breakout 6 months ago. MACD has done a recent positive crossover and money flow is solid. Shares often pullback to the 150 day, which diminishes their RS short term, but I quite like buying pullbacks like this one and I'll hold as long as it doesn't break its recent low.
SQNM looks weaker than CY, but I bought more at 3.61, with a stop loss at 3.39, so I'm only risking a bit.
I even bought some TWTR today at 37.25, which lacks all of Stan's checklist, but has done a superb MACD crossover and with a market cap of $24 bill versus FB $227 bill something has to give. The 2 previous MACD signals on TWTR were followed by gains of $25 and $15.
- CY @ 12.7 is a low risk entry I believe. Where do you have your stop loss?
- SQNM is sector Biomedics. The sector is no longer 'favored' according to my information from DWA. I only buy in favored sectors and I sell sometimes when the sector moves from favored to unfavored.
- TWTR: I sold @50 (bought some puts strike 50 just before earnings). Will it be bottoming already? Sector still favored though. But I don't see one of my favored strategies in it so I rather leave it aside...
Good luck with the trades,
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Amedee
Pulling the weeds and watering the flowers (since 10/06/2015)...
Amedee
Pulling the weeds and watering the flowers (since 10/06/2015)...